KAV605) JAMES MADDEN V, CEO of EXULT INC (EXLT), describes the company's business and its background; prospects for the industry, with positive and negative trends; competitive threats; strategic opportunities for the firm including its marketing plans and acquisition potential; management strength and organization; and the financial prospects of the firm looking forward.

Exult has set a projected signing date for its contract to provide integrated human resources processing services for Air Canada and signed non-binding letters of intent with Warner Music Group in the U.

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